Great time to buy Liguria property, as pound hits 1.2258 versus euro

Planning to buy a property in Liguria?

Then 2014 could be the year to do so, because the pound recently hit 1.2258 against the euro, its strongest in 14 months or since January 10th last year, considerably cutting the cost of Liguria property.

To put this into context, sterling was as low as 1.1403 in March last year, meaning the pound has since climbed +7.5%, or 8 cents versus the euro. Were you to transfer £125,000 to buy a Liguria property, you’d therefore now receive +€10,688 more now than 12 months ago!

Sterling has risen, because the UK economy is firing on all cylinders. For instance, confidence among UK businesses recently hit its highest since September 2009. Moreover, the UK economy is forecast to expand +3.4% this year, more than any other major country.

At the same time, the euro has declined, because the Eurozone outlook remains cloudy. For instance, the currency bloc faces a serious threat of deflation, whereby prices continually fall. Moreover, the Eurozone will grow just +1.2% in 2014, according to official forecasts.

Looking forward, the pound could climb further against the euro, as the UK and Eurozone economies continue to diverge. For instance, while the Bank of England is primed to raise interest rates in Spring 2015, the European Central Bank will hold rates close to 0.0% for at least another 2 years.

In short then, Liguria property looks set to stay more affordable in 2014, as the pound leads against the euro!


By Peter Lavelle at currency broker Pure FX. To get free expert foreign exchange advice about the best time to transfer money to Italy for a Liguria property, call us on +44 (0) 1494 671800 or email

What Knight Frank says about the luxury Italian housing market?

What Knight Frank Report says about the luxury Italian housing market?

This report summarises the key market trends observable in the luxury Italian housing market. The report provides expert insight from our international network, highlights recent market performance, buyer demand and features a selection of prime properties being marketed by Knight Frank.

The global downturn led to a renewed interest in core markets like Italy with international buyers returning from their searches in less established locations. Now is an opportune time for those seeking the dream property and lifestyle that only Italy can provide.

Italy’s most desirable regions continue to attract international lifestyle buyers searching for their dream holiday home. Buyers primarily come from the UK, Italy, Scandinavia, Germany, Russia and Benelux countries. US buyers have returned to the market but only tentatively due to their unfavourable exchange rate.

Although the global economic downturn saw prices in parts of the country fall by around 20%, there have been few forced sales, and where vendors have been realistic in setting prices, properties are selling in reasonable timeframes. The top end of the market (€5m-plus) has been slow in comparison, with buyers in this range being more cautious than others on price.

Italy is still widely considered to be a strong, established, core market.

The first half of 2011 is likely to see relative price stability across the regions with the potential for a slight decline. The only vendors to experience significant price falls will be those who have not yet reduced their asking prices.

Italy is a myriad of destinations, each with their own unique charm and character.

Buyers are predominantly driven by their desired lifestyle – they seek the long-term enjoyment of a second home rather than a short-term investment opportunity.
For them, the importance lies in the architecture, the climate, the al fresco culture, the food and wine, the bustling cities and wonderful vistas. The country also represents a safe and trusted destination with good transport links and a solid infrastructure.
Buyer interest was reinvigorated on the back of the global recession, as those searching in less established locations turned to what are seen as the trusted core markets, such as Italy.

Transaction volumes increased in 2010 as buyer confidence returned. Buyers do however remain price-sensitive as a result of the large number of properties available in most areas.
Many vendors now understand the need to be realistic on price. But buyers should not expect to find many ‘fire sales’, merely pricing that reflects the current market.

Search Property in Liguria

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(from: Knight Frank)

Demand for homes in Liguria is reaching an all time high among foreign buyers. The competition for Ligurian properties is driving prices up, and attracting homeowners who will spare no expense in finding the perfect Italian getaway.

Foreign Buyers Spare No Expense in Liguria


Demand for homes in Liguria, Umbria and Tuscany is reaching an all time high among foreign buyers. The competition for Ligurian properties is driving prices up, and attracting homeowners who will spare no expense in finding the perfect Italian getaway.

Expatriates are willing to pay enormous sums for a Ligurian address. According to entrepreneur Martin De Rosa, Germans spend an average of 300,000 Euros and 76% of British buyers look at buildings in the 300,000 to 500,000 euro price range. The Russian buyers put other foreign homeowners to shame, willing to put down over 900,000 for the perfect Ligurian home.

Property values have risen throughout Italy in spite of the global economic downturn, and 61% of real estate agents expect the housing market to get even better in the next two years. The thriving market is attracting buyers who are willing to pay up to 17,000 Euro a square meter for properties in Ligurian towns like Santa Margherita Ligure.

The increased interest in the region may signal a trend of foreign buyers moving away from major cities and preferring to purchase homes in smaller villages.

Record-Breaking Blue Flags

As prices hit record highs, Liguria has achieved a record number of Blue Flag beaches. In fact, the award-winning beaches play a major role in increasing the desirability of property in the region.

Blue Flags are awarded around the globe by the Foundation for Environmental Education. The sought-after distinction is bestowed according to a range of environmental indicators such as water quality and protection of nature.

In 2011, Liguria was awarded the most blue flags out of all the regions in Italy, so those seeking a prestigious coastal location can head east or west to find decorated beaches.

In the Western Riviera, blue flags were awarded to Camporosso and Bordighera in the province of Imperia. In the province of Savona, Albissola Marina, Albisola Superiore, Bergeggi, Celle Ligure, Finale Ligure, Loano, Noli, Spotorno, Savona-Fornaci, and Varazze were the most decorated beaches.

 in the Eastern Riviera, Chiavari, Lavagna and Moneglia were the recognised coastal towns in Genoa. Lerici and Ameglia-Fiumaretta in La Spezia were also awarded blue flags.

Location, Location, Location

It is unsurprising that foreign buyers are willing to pay high prices given Liguria’s incomparable location. The small region is bordered by the sea, the Alps and the Apennines.

Liguria is home to the famous Mediterranean seaside towns of Cinque Terre and Portofino.

In addition to beautiful beaches, the region is best known for its fresh seafood cuisine and as the birthplace of pesto.


All the properties on the market in Liguria are on

Britons: Where to buy in 2010

Where to buy in 2010

From: Primelocation newsletter
Author: Alexander Garrett is a freelance property writer who contributes regularly to The Observer and British Airways’ Business Life.

After a dreadful 2009, this could well be the year when Britons’ interest in buying abroad is re-awakened. But which countries should you be looking at? Here are our top five selections, balancing perennial appeal with a couple of emerging hotspots.

France. Any further weakening of the Euro will provide a green light for Brits to resume their love affair with France. The attractions are obvious: gastronomy and wine, uncrowded towns and countryside, and a better climate than at home – especially in the south. On top of that, France has one big advantage over all other destinations: accessibility. Security checks and airport congestion have taken much of the gloss off flying; but to France you can travel in your own car, or increasingly, by high-speed train. The choice of properties and locations in France is virtually unparalleled, from a run-down farmhouse in Normandy costing €30,000 to a super-villa in the playground of the Cote d’Azur costing millions.

Croatia. 2010 could be the year it finally happens for Croatia, a country that has unparalleled attractions for buyers of holiday homes, with 1,800km of unspoilt coastline, and more than 1,000 islands in the Adriatic Sea.  What’s more, it is set to join the EU in 2012, less than two years time. The country promotes itself as “the Mediterranean as it once was”, reflecting the unspoilt character of the coastline, with low-key development. It’s already a favourite among the sailing fraternity and while Dubrovnik is a world-famous heritage site, the peninsula of Istria is just coming to the fore as a rival to Tuscany with its olives, truffles and wine. Central Dalmatia, around the second city Split, is ripe for discovery. In the medieval town of Trogir, a three-bedroom house would cost you around £350,000.
Turkey. The hit destination of this latest recession, Turkey offers fantastic coastline properties at bargain prices. Being outside the Euro has made it even more attractive to British buyers, while the prospect of eventual EU accession enhances the overall investment proposition. Turkey’s Turquoise Coast is arguably one of the best value locations you could find a holiday home anywhere in Europe. And Kalkan is the most sought-after spot on this coastline, a former fishing village now bustling with restaurants and gift-shops, with boat trips readily available. Here you can buy a high-quality villa with fabulous sea views starting from around £200,000 – a fraction of what it would cost on the Costa del Sol. Prices still have some way to go as Turkey catches up with the western Mediterranean.

Barbados. There has to be one exotic inclusion in the list, and Barbados has shrugged off the recession to reinforce its position as Britain’s favourite Caribbean island. Rum punch, palm-fringed beaches, a vibrant nightlife and plentiful flights are among the plus factors. Barbados goes from strength to strength with ongoing development attracting high-profile buyers such as Wayne Rooney in the last 12 months. Knight Frank estimates that prices have fallen by an 22 per cent over the last two years; nevertheless, property is among the most expensive in the Caribbean, starting at around £150,000 for a one-bed seafront apartment and heading quickly up into the millions for properties at exclusive estates like Royal Westmorland or Sandy Lane.

Italy. While prices plummeted in Spain over the last two years, on another Mediterranean peninsula – Italy – property has held up fairly well. The simple reason is that Italy has never participated in the wholesale over-development that took place in Iberia, a policy that is now paying some dividends.  Now other Italian regions are encroaching on the radar: Liguria, Puglia, Abruzzo and Piedmonte to name a few. As a brand, Italy has class and is likely to prove an investment that holds its value.

Bordighera: starting next Sunday Inverno Musicale

From next Sunday to 16th March, 23rd edition of Inverno Musicale (1986-2008) by the Departments of Culture and Tourism of the Council of Bordighera.

The concerts will take place at following locations: the Anglican Church, Palazzo del Parco, Terrasanta Church.

For the month of January:

Sunday 13th, Palazzo del Parco, 4.00 p.m.: “Arcomusica” Orchestra with music by Rossini, Grieg, Vivaldi, Bizet. Ticket: 5 Euros.

Sunday 20th, Palazzo del Parco, 4.00 p.m.: “Viva Verdi” the most beautiful romances and duets taken from Verdi’s operas. Full ticket, 14 Euros; concessions, 12 Euros.

Sunday 27th Anglican Church, 4.00 p.m.: “Immaginando in musica” with pieces by Bacalov, Goldsmith, Piovani, Rota, Morricone, Savina, Giachino, Corner. Ticket, 5 Euros.


Sunday 3rd, Palazzo del Parco, 4.00 p.m.: Massimo Dal Prà Quartet (jazz concert) with music by Jordan, Davis, Dal Prà, Raimondo, Taschini. Full ticket: 12 Euros; concessions 10 Euros.

Saturday 9th, Palazzo del Parco, 9.00 p.m.: M.J.Q. Sound’s (modern jazz quartet sounds) with music by Goya, Lewis, Morricone, Daniele, Gillespie, Jackson. Full ticket 12 Euros; concessions, 10 Euros.

Sunday 10th, Anglican Church, 4.00 p.m.: Choir of Facoltà di Musicologia di Cremona: music by Isaac, Lasso, Mancini, Bruckner, Poulenc. Ticket 5 Euros.

Sunday 17th, Anglican Church, 4.00 p.m.: Violin and piano recital with Marco Fornaciari and Rossana Re: music by Schumann, Bruch, Glinka, J. S. Bach, Grieg. Ticket 5 Euros.

Sunday 24th, Anglican Church, 4.00 p.m.: Piano recital with Rita Cucé: W.A. Mozart’s music (all the takings will go to “Progetto Afghanistan-Back to the Music”). Ticket, 5 Euros.

Month of March:

Sunday 2nd, Anglican Church, 4.00 p.m. opera concert with Claudia Sasso (soprano) and Fabio Barigazzi (piano): music by Gounod, Donizetti, Mozart, Bellini. Ticket, 5 euros.

Sunday 9th, Terrasanta Church, 3.30 p.m.: concert offered by the Council of Bordighera: W. A. Mozart: Ave Verum Corpus, KV 618, Requiem in Re Minore, KV 626 (free contributions will go to the now under construction maternity ward in Lyhwinja – Congo Zaire).

Saturday 15th, Anglican Church, 4.00 p.m.: Piano concert: Nikolay Bogdanov: music by Chopin, Balakirev, Rachimaninov. Ticket 5 Euros. Piano concert with Veronica Rudian: music by Haydn, Beethoven, Chopin, Piazzola, Rachmaninov. Ticket 5 Euros.

For information: +39 0184 272400.